Tuesday, October 20, 2020

Suviral Shukla

Amazon, Flipkart hiring experts post new FDI rules by government

Flipkart and Amazon, the e-commerce giants are on a hiring spree for experts on government affairs and public policy. The reason behind the ramp up is the new foreign investment rules on e-commerce in India which saw an amendment,...

Users can order food from Uber app after UberEats merger

Uber, an online transport network company, headquartered in San Francisco has started allowing its users to place food orders inside the main app. The development comes as an attempt to persuade the users of the ride-hailing service to try...

Paytm Payments Bank ahead of major banks in digital transaction target

Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY). The target given to Paytm Payments Bank is higher than the targets set for major banks including HDFC Bank, ICICI Bank...

After Canada, Myntra to now sell in Walmart stores across US

Myntra, a fashion etailer owned by Flipkart, is planning to take another step into the global market by selling its in-house brands across US Walmart stores. The development follows the online launch of the Myntra brands on Walmart Canada. The...

Niti Aayog-led government set to order Ola, Uber, other cab services to go electric

Government's think-tank Niti Aayog is likely to impose an order to online cab service aggregators like Uber, Ola to convert 40 per cent of their fleet of cars to electric by April 2026, cited Mint. The recommendation to convert cabs...

Scooter rental startup Vogo secures ₹25 cr from Alteria Capital

Vogo, a scooter rental startup, based out of Bengaluru, has raised ₹25 crore as debt from Alteria Capital. The startup is also backed by Ola, Kalaari Capital and Matrix Partners. This is Alteria Capital's second investment in Vogo since August...

Social platform ShareChat likely to raise $100 million from Twitter, others

Twitter, a microblogging site, is likely to invests around $100 million (₹700 crore) in Indian regional language social platform ShareChat, reported ET. Besides Twitter, a Hong Kong-based investment management firm Hillhouse Capital, along with the existing investors Xiaomi, Shunwei Capital...

Online renting firm CityFurnish raises $5 million in Series A led by Youtube, Gmail

CityFurnish, an online furniture and appliances renting company has raised $5 million (approx ₹40 crore) from a clutch of investors, led by Youtube and Gmail in Series A round of funding. Besides, other investment firms such as Global Founders...

Performance management startup Dockabl bags $1.26 million in Pre-Series A

Dockabl, a performance management platform, based out of New Delhi, has raised $1.26 million (approx ₹10 crore) in its Pre-Series A round of funding led by a pool of investors including Aditya Berlia (Apeejay Group of Companies), Ritesh Malik...

Disney-BYJU’s Early Learn app launched in India

BYJU's, a Bengaluru based edtech platform has come up with a Disney-BYJU's Early Learn app. It is created for children aged between six and eight (Classes I-III). The new app launched by BYJU's offers personalised learning programmes for children while...

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